4 ms·
> At least she tried. There are no participation trophies in business. This isn't kindergarten. Before spending shareholder's money on an expensive project she
by petilon 5y ago
> At least she tried.
There are no participation trophies in business. This isn't kindergarten. Before spending shareholder's money on an expensive project she should have checked if it makes sense to spend money on it. If she made the wrong call she alone is responsible for the mistake.
> They pretty much ignored it after the purchase aside from forcing yahoo logins.
Not true. They fully revamped the user experience, and Marissa Mayer was actively involved in the project.
- dpark 5y ago> There are no participation trophies in business. This isn't kindergarten. Thanks for the regurgitated platitudes. Your stern appraisal of CEOs is duly noted. > Before spending shareholder's money on an expensive project she should have checked if it makes sense to spend money on it. If she made the wrong call she alone is responsible for the mistake. On what basis do you assume Flickr’s revamp was an expensive project? I have no idea what it really cost, but to a multi-billion dollar company, I doubt it was really that much. Sure, she owns the failed revamp though. > Not true. They fully revamped the user experience, and Marissa Mayer was actively involved in the project. “They” referred to the company prior to Mayer becoming CEO. Yahoo owned Flickr for 7 years before Mayer took over. Flickr felt stagnant for most of that time. It’s really weird to be ratholing on Flickr as if it was the reason for Yahoo failing. If Mayer had ignored Flickr like the previous 2 CEOs, Yahoo would have failed just as surely and Flickr’s decline would have been just as rapid.
- petilon 5y ago> Sure, she owns the failed revamp though. Thank you! That's the most important point. > It’s really weird to be ratholing on Flickr as if it was the reason for Yahoo failing. Flickr is the topic of this thread. I don't think Flickr is the reason Yahoo failed, but I do think Marissa Mayer hastened Flickr's demise, and I do believe Ms Mayer's incompetence was the reason Yahoo couldn't be turned around. If you believe Ms Mayer was brought in to "manage a burning building" as opposed to turning it around, please read this story: https://www.nytimes.com/2014/12/21/magazine/what-happened-when-marissa-mayer-tried-to-be-steve-jobs.html https://www.nytimes.com/2014/12/21/magazine/what-happened-wh...
- dpark 5y ago> Thank you! That's the most important point. It’s really not. Flickr was already circling the drain like the rest of Yahoo. Mayer’s revamp failed but it’s not why block Yahoo failed. It’s not even why Flickr failed. Your pinning of the broader Flickr failure on Mayer is revisionist. The whole reason it needed a revamp was because was already dying. > Flickr is the topic of this thread. It wasn’t the topic of the comment I replied to from glenstein. We had a whole sub thread about Yahoo in general. > I don't think Flickr is the reason Yahoo failed, but I do think Marissa Mayer hastened Flickr's demise, and I do believe Ms Mayer's incompetence was the reason Yahoo couldn't be turned around. If you believe Ms Mayer was brought in to "manage a burning building" as opposed to turning it around, please read this story: There’s something really off about claiming that Mayer hastened the demise of Yahoo! and then linking to an article essentially saying she should have gutted it sooner. (Maybe there was something buried at the bottom? I stopped reading because it was all old and well worn.)
- acdha 5y ago> Before spending shareholder's money on an expensive project she should have checked if it makes sense to spend money on it. What’s your experience turning failing businesses around? I’m not a huge fan but I find it conspicuous how successfully the CEOs who created the mess have shifted the blame to the one who was hired to fix what was known to be a failing business at the time.